Guinness Asset Management Ltd buys $11,439,383 stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Guinness Asset Management Ltd scooped up 33,800 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 158,550 shares of Occidental Petroleum Corporation which is valued at $11,439,383.Occidental Petroleum Corporation makes up approximately 3.39% of Guinness Asset Management Ltd’s portfolio.

Occidental Petroleum Corporation closed down -2.17 points or -2.92% at $72.15 with 47,82,314 shares getting traded on Friday. Post opening the session at $73.8, the shares hit an intraday low of $72.1 and an intraday high of $74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Monroe Bank Trustmi added OXY to its portfolio by purchasing 164 company shares during the most recent quarter which is valued at $11,833.Central Trust Co boosted its stake in OXY in the latest quarter, The investment management firm added 4,538 additional shares and now holds a total of 34,774 shares of Occidental Petroleum Corporation which is valued at $2,508,944. Occidental Petroleum Corporation makes up approx 0.20% of Central Trust Co’s portfolio.Dnb Asset Management As reduced its stake in OXY by selling 117,593 shares or 33.85% in the most recent quarter. The Hedge Fund company now holds 229,849 shares of OXY which is valued at $16,583,605. Occidental Petroleum Corporation makes up approx 0.34% of Dnb Asset Management As’s portfolio.Trust Co reduced its stake in OXY by selling 247 shares or 21.02% in the most recent quarter. The Hedge Fund company now holds 928 shares of OXY which is valued at $65,693. Occidental Petroleum Corporation makes up approx 0.03% of Trust Co’s portfolio.Private Asset Management Inc boosted its stake in OXY in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 66,335 shares of Occidental Petroleum Corporation which is valued at $4,695,855. Occidental Petroleum Corporation makes up approx 0.86% of Private Asset Management Inc’s portfolio.

On the company’s financial health, Occidental Petroleum Corporation reported $-0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $-0.12. The company had revenue of $2806.00 million for the quarter, compared to analysts expectations of $2852.11 million. The company’s revenue was down -34.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company through its subsidiaries and affliates operates in the United States Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for develops and produces oil and condensate natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream marketing and other segment (midstream and marketing) gathers processes transports stores purchases and markets oil condensate NGLs natural gas carbon dioxide (CO2) and power. It also trades around its assets including transportation and storage capacity and trades oil NGLs gas and other commodities.

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